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Tri-City Baptist Church

Tri-City Baptist Church. “She hath done what she could…” - Mark 14:8a. Exalt, Edify, Evangelize. Overview . Purpose – Our vision statement says that our purpose is “. . .assisting our members and other fundamental churches in fulfilling the great commission.”

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Tri-City Baptist Church

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  1. Tri-City Baptist Church “She hath done what she could…” - Mark 14:8a Exalt, Edify, Evangelize

  2. Overview • Purpose – Our vision statement says that our purpose is “. . .assisting our members and other fundamental churches in fulfilling the great commission.” • Why moving? We are not able to grow and expand the vision that God has for us on this property; God has miraculously provided a new location where this vision can be accomplished. • Why meeting? To provide updates to everyone regarding the relocation status. Exalt, Edify, Evangelize

  3. Overview (Continued) • Process – Sell current property to buy and develop new property • Identify current sale status • Review current ministry asset • Review current cost estimate and increase • Understand members’ roles and responsibilities with move • Review buying and borrowing options • Payoff – Fulfill the strategic implications of the mission statement (exalt, edify, evangelize) • Cost savings • Ministry enlargement • Witnessing opportunities

  4. Purpose

  5. Vision and Mission Statement • Vision (Why We Exist) – “. . .Assisting our members and other fundamental churches in fulfilling the great commission.” • Mission (What We Will Do) - Exalt the Triune God, Edify believers, and Evangelize the world. Exalt, Edify, Evangelize

  6. Relocation Fulfills our Vision and Mission • We are unable to expand this vision and mission on this property. • God has miraculously provided a new location where this vision can be accomplished. Exalt, Edify, Evangelize

  7. Home Visits • Home visits • Purpose – to inform and elicit questions and comments in a comfortable environment. • Status – nearly every family in the church has been contacted by a deacon team or the pastors to discuss and answer questions concerning the relocation. • Issues of Home visits • Many will be addressed today. • Participation and spirit has been wonderful! Exalt, Edify, Evangelize

  8. Process

  9. Current Sale Status • A large local charter school is extremely interested in purchasing and being compatible owners with a church. • Two churches are currently in negotiation. Exalt, Edify, Evangelize

  10. Church $6.6 million (equity) $275,000 (cash) Total - $6.875 million College $350,000 (equity) $130,000 (stocks) $375,000 (cash) Total - $855,000 Current Ministry Assets Ministry Total - $7,730,000 Exalt, Edify, Evangelize All above numbers represent estimated figures.

  11. Church $2.1 million (land) $6.4 million (church building)* $1.2 million (infrastructure cost) $200,000 (maintenance building)* $253,000 (impact fees and widening of road) Total - $10.2 million College $1.2 million (dorm)* $1.9 million (academic building)* Total - $3.1 million Current Cost Estimate and Increase Ministry Total - $13.3 million All above numbers represent estimated figures. *Based on 15% “gifts in-kind.” Exalt, Edify, Evangelize

  12. Increased Cost • Unanticipated Costs - $1,653,000* (see breakdown below) • Dorm in first phase ($1.2 million) • Impact and road fees ($253,000)** • Maintenance building ($200,000) *Additional $1,653,00 from original cost quoted in 1/03. **Still in negotiations. Exalt, Edify, Evangelize

  13. Pray and fast specifically Give consistently Limit luxuries to avoid debt Involve entire family in sacrifice Identify friends/family interested in helping Be willing to volunteer on work days Examples of types of gifts: 8 gifts @ $100,000 = $800,000 6 gifts @ $ 75,000 = $450,000 13 gifts @ $ 50,000 = $650,000 21 gifts @ $ 25,000 = $625,000 50 gifts @ $ 10,000 = $500,000 50 gifts @ $ 5,000 = $250,000 50 gifts @ $ 1,500 = $ 75,000 Total = $3,350,000* Each Member’s Part What could God enable you to give? “…With men this is impossible; but with God all things are possible.” Matthew 19:26b *Both the college and the mission board are responsible to raise a portion of this need. Exalt, Edify, Evangelize

  14. Buying and Borrowing Options • Status • On December 8th, we will become the proud owners of 14 acres in Chandler. • Cost is approximately $2.1 million and we have already paid $75,000 in down payment. • Last year, we voted to purchase this land and incur debt if we were not able to raise the full $2 million in one year. • In our contract with Lines family, they agreed that we could hold the land for one year with a $75,000 down payment and incur no interest during 2003. Exalt, Edify, Evangelize

  15. Buying and Borrowing Options • Two Borrowing Options for the Land • Option 1 – Pay the Lines family - At the end of the year, pay 8% interest-only for 2004, 9% interest-only for 2005, and 10% interest-only for 2006. • Option 2 – Bank of America has offered us a $3 million line of credit at a one-year fixed rate of 4%. Depending upon the offerings over the next few weeks, we will likely be borrowing $1 million to $1.3 million. This means our interest payment on rapidly appreciating land will be about $1,000/week.

  16. Payoff

  17. Cost Savings at New Location • Maintenance • $70,000/yr – (We currently spend approximately $90,000/yr) • Savings - $1,346.15/wk • College Gift Matching • $30,000/yr • $576.92/wk • Total – 1,923.07/wk Exalt, Edify, Evangelize

  18. Additional Revenue Stream • Dorm – 10 additional dorm students creates a $100,000 increase in college cash flow. • Financial goal for college – removal from its subsidy by TBC. • Even accounting for an increase in a staff member and upkeep expenses for new students, TBC could lower its financial commitment to IBC by $52,000/yr or $1,000/wk.

  19. Long-term, Strategic Costs $13,300,000 (Totally completed property cost*) $ 7,730,000 (Current cash and equity position of TBC ministries) $ 5,570,000 - Needed $3,350,000 (Building fund over next 3 years) $2,220,000 (Long-term borrowing total) • Bank of America Option Borrowing $2,000,000 at 6% for 20 years Total - $3,332.24/wk $2,923.07 (Cost savings and conservative new revenue) $ 407.17/wk (Need additional for weekly budget) * Some of these dollars can be saved by not finishing every room in every building.

  20. Return on Investment TCA Graduates Todd Sullivan Richard Lampron Chad Hayhurst Paul Brown Nathan & Tiffani Sproul Michael Borton Troy Hathaway Mona Hathaway Becky Warf Brian & Becky Anderson Bob Edington Debbie Dutton Tiffany Power Matt Mostrom IBC Graduates Mike Redick Mike Mestler Solomon Raju Shawn Clapp Jana Conn Jason Wermager Nathan Mestler Steve Davies Mike Dutton Jay Power Both TCA & IBC Graduates Mike & Elma Sproul Dave & Heather Smith Rob & Sandy Krause Joel Tetreau Bethany Woods Tanya Delo Scott Olson Chip & Rhonda Van Emmerick Carrie Davies Tricia Wells Sheri Hathaway Dan Warf Exalt, Edify, Evangelize

  21. Witnessing Opportunities • Maricopa County grows by 100,000 new moves every year. • 130 homes are finished every day in Maricopa County. • The inhabited parts of Maricopa County are larger than seven Eastern states, including Massachusetts. • The population of Maricopa County is larger than 21 states, including Kansas. • Gilbert and Chandler are the number one and number four, respectively fastest growing cities in America larger than 100,000. “Attempt great things for God, expect great things from God.” – William Carey Exalt, Edify, Evangelize

  22. Leader's Challenge

  23. Leader’s Challenge • I Chronicles 29: 1–9 • Furthermore David the king said unto all the congregation, Solomon my son, whom alone God hath chosen, is yet young and tender, and the work is great: for the palace is not for man, but for the Lord God. • Now I have prepared with all my might for the house of my God the gold for things to be made of gold, and the silver for things of silver, and the brass for things of brass, the iron for things of iron, and wood for things of wood; onyx stones, and stones to be set, glistering stones, and of divers colours, and all manner of precious stones, and marble stones in abundance. • Moreover, because I have set my affection to the house of my God, I have of mine own proper good, of gold and silver, which I have given to the house of my God, over and above all that I have prepared for the holy house, Even three thousand talents of gold, of the gold of Ophir, and seven thousand talents of refined silver, to overlay the walls of the houses withal:

  24. Leader’s Challenge • I Chronicles 29: 1–9 (Continued) • The gold for things of gold, and the silver for things of silver, and for all manner of work to be made by the hands of artificers. And who then is willing to consecrate his service this day unto the Lord? • Then the chief of the fathers and princes of the tribes of Israel, and the captains of thousands and of hundreds, with the rulers of the king’s work, offered willingly, • And gave for the service of the house of God of gold five thousand talents and ten thousand drams, and of silver ten thousand talents, and of brass eighteen thousand talents, and one hundred thousand talents of iron. • And they with whom precious stones were found gave them to the treasure of the house of the Lord,by the hand of Jehiel the Gershonite. • Then the people rejoicedfor that they offered willingly, because with perfect heart they offered willinglyto the Lord: and David the king also rejoiced with great joy.

  25. Tri-City Baptist Church “She hath done what she could…” - Mark 14:8a Exalt, Edify, Evangelize

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